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Reverse Mortgages

St. Louis Couple Uses HECM Mortgage To Buy Dream Home In Florida

Reverse Mortgage Options

HECM For Purchase is option for retirees with some home equity Andy and Beatrice Hollimon had endured Midwest winters for decades, and it was time to fulfill their dream of moving south. “We owned our home in St. Louis area for quite some time, and we vacationed in South Florida ...

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Payment Shock: What Unnoticed Fallout From The Mortgage Lending Crisis Could Mean For You

Financial crisis reverse mortgage

Issues with home equity lines of credit may push more to reverse mortgages. For those considering a reverse mortgage, there’s a lot going on in the industry right now that could affect whether many older Americans consider one or even be able to take one out. The industry is expecting ...

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Borrower Beware: Reverse Mortgage Sales Pitches Not Always What They’re Cracked Up To Be

Reverse Mortgage

A reverse mortgage may be the solution for many older Americans who need a source of income to tap into to sustain their golden years. But borrower beware about sales pitches that may be too good to be true. Indeed, a reverse mortgage could be the solution that you are ...

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Five Reasons To Consider A Reverse Mortgage

reverse mortgage negatives

Thinking about getting a reverse mortgage to resolve your financial woes? Before you do, you may want to read these five reasons to consider before you jump in. Reverse mortgages are popular loans that are offered to those who are 65 or older and that are based upon the available equity ...

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Four Reverse Mortgage Alternatives

reverse mortgage

Taking out a home loan of any kind is a big decision. Before you consider applying for a reverse mortgage, you should always take a look at any reverse mortgage alternatives that exist. According to House Logic, a plethora of reverse mortgage alternatives are available to you that may be ...

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Don’t Borrow Blindly! Five Questions About Reverse Mortgages You Need To Ask Before Applying

Reverse Mortgage

If you are considering applying for one, there are five questions about reverse mortgages that you really should consider asking before you even apply. Each year, thousands of older Americans apply for a reverse mortgage home loan, which can be a viable instrument for tapping into one’s earned home equity ...

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